Argo Blockchain (ARBK) Operating Expenses (2021 - 2025)
Argo Blockchain (ARBK) posted Operating Expenses of -$6.7 million for Q2 2025, up 22.87% sequentially from -$8.7 million in Q3 2024, and down 15.25% YoY from -$7.9 million in Q2 2024.
Argo Blockchain (ARBK) Operating Expenses (2021 - 2025) Analysis & Trends
Argo Blockchain has reported Operating Expenses for 5 years, with the latest figure at -$6.7 million in Q2 2025.
- Quarterly Operating Expenses fell 15.25% year-over-year to -$6.7 million in Q2 2025, while the trailing twelve-month figure through Dec 2025 was -$15.4 million (up 12.85% YoY) and the FY2025 annual result came in at $11.0 million, down 11.85% from the prior year.
- Operating Expenses improved to -$6.7 million in Q2 2025 per ARBK's latest filing, from -$8.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $12.0 million in Q4 2021 and troughed at -$23.2 million in Q3 2022.
- A 5-year average of -$7.6 million and a median of -$6.7 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 277.8% in 2022, then jumped 52.83% in 2023.
- Over 5 years, Operating Expenses stood at $12.0 million in 2021, then plunged by 277.8% to -$21.3 million in 2022, then surged by 48.63% to -$10.9 million in 2023, then rose by 20.67% to -$8.7 million in 2024, then increased by 22.87% to -$6.7 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$6.7 million, -$8.7 million, and -$5.8 million for Q2 2025, Q3 2024, and Q2 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | Argo Blockchain | 6.52 Bn | 6.52 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -6.70 Mn |
| Sep 30, 2024 | -8.68 Mn |
| Jun 30, 2024 | -5.81 Mn |
| Mar 31, 2024 | -3.15 Mn |
| Sep 30, 2023 | -10.94 Mn |
| Jun 30, 2023 | -7.86 Mn |
| Mar 31, 2023 | -3.56 Mn |
| Dec 31, 2022 | -21.30 Mn |
| Sep 30, 2022 | -23.20 Mn |
| Jun 30, 2022 | -11.65 Mn |
| Mar 31, 2022 | -4.17 Mn |
| Dec 31, 2021 | 11.98 Mn |
| Jun 30, 2021 | -3.20 Mn |